Source: Coindesk.com
Traders anticipate a deeper drop for bitcoin (BTC) in the coming weeks, despite a strong equity market and favorable U.S. crypto policies, pointing to selling activity from miners and general profit taking. Bitcoin's upper potential may be limited due to miners' cash demand, with on-chain data showing an increase in the transfer of BTC from mining pools
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The post "Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings" appeared first here Coindesk.com.
Source: Coindesk.com
